Bulgaria on Thursday officially adopted the euro, becoming the 21st member of the eurozone nearly 20 years after joining the European Union, a landmark step welcomed by EU leaders but met with mixed feelings at home. At midnight, the Balkan nation retired its long-used currency, the lev, which had been in circulation since the late […]
eurozone
ECB unveils plan to push climate-friendly investments
FRANKFURT: The European Central Bank on Monday unveiled plans to make its monetary policy greener but met with criticism from environmental groups who urged the Frankfurt-based institution to go further. The steps by the ECB’s governing council “aim to better take into account climate-related financial risk” and “support the green transition of the economy in […]
France sticks to digital tax despite US anger
Finance Minister Bruno Le Maire said on Friday that France would stick to plans for a tax on digital giants such as Facebook and Apple, despite displeasure in Washington. “We are determined to implement a tax on the largest digital companies to bring more justice and efficiency to the international tax system,” Le Maire said […]